224 Struggling sugar producer Tongaat Hulett has secured a critical reprieve after liquidation proceedings against the company were halted, following an extension and increase in funding. The Industrial Development Corporation (IDC) has…
Category: Business
Update: Eskom Executive Pay Hike Claim Sparks Wage Deadlock
219 Eskom rejects 100% executive pay hike claim Update: Eskom says NUMSA’s claim that executives got 100% salary hikes across the board is false. The power utility says only three executive roles…
Another African nation licenses Starlink
230 A Starlink satellite terminal Uganda has become the latest African country to clear the way for Elon Musk’s Starlink, signing an operational licence agreement with the satellite broadband provider even as…
Watergate Centre Acquisition Boosts Spear REIT
245 Spear REIT has announced the Watergate Centre acquisition in Mitchells Plain for R442 million, adding a fully let convenience retail asset to its Western Cape portfolio. The company said the transaction…
Elon Musk’s war on OpenAI ends in crushing defeat
196 OpenAI CEO Sam Altman and Elon Musk during the trial. Manuel Orbegozo/Reuters A US jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the AI company not…
South Africa’s Growth Outlook Takes Another Hit
272 South Africa’s economic growth outlook has taken a slight knock. Economists in the Bureau of Market Research and Unisa Economist of the Year competition cut their consensus forecast for 2026 growth…
Netstar brings coding and robotics to inner-city Joburg
230 From left, Collin Govender, Altron Group chief operating officer; Leona Pienaar, MES CEO; Marisa Jansen van Vuuren, Altron Group chief marketing officer; Innocent Mabusela, Jozi My Jozi CEO; and Warren Mande,…
Ramaphosa Warns Democracy Faces Global Pressure
213 President Cyril Ramaphosa has used his latest weekly newsletter to warn that democracy is under strain across the world as South Africa prepares to mark Freedom Day on 27 April. He…
Eskom zeroes in on offenders linked to load shedding procurement contracts
193 Including staff and suppliers suspected of fraud and corruption in a deal. Eskom says it is closing in on several employees accused of breaching procurement processes linked to a diesel procurement…
South Africa leads rest of Africa in AI adoption
281 South Africa is the highest-ranked country on the African continent for adoption of generative AI, according to new data from Microsoft – though the figures also show just how far the…